A staggering number of young Australians have relied on the Bank of Mum and Dad (BOMAD), their family, friends or partners to beat the cost-of-living crisis, according to a recent Compare the Market survey.* More than half of Gen Z (51%) and almost a third of Millennials (31%) had asked their families for help with […]
The cost of buying a home in our capital cities is now 14 times our annual income, up from 5 times the annual income from 1990.1 Compare the Market Economic Director David Koch said wage growth had not been commensurate with eyepopping house prices. “It’s hardly controversial to say Baby Boomers had it better than […]
It’s the savings hack that could save you tens of thousands of dollars – and help you shave years off your loan – but still thousands of Australians don’t know how to use an offset account. Compare the Market Economic Director, David Koch, said that while interest rates remained high, offset accounts could help mortgage […]
The power of comparison has been laid bare in a shopping experiment that revealed a cost difference of close to $100 between two similar baskets of everyday staples. Compare the Market purchased 25 common grocery items from one major supermarket and 25 similar items from one challenger store and found around a $97 difference between […]
They’re the world-renowned meerkat duo helping Australians navigate the cost-of-living crisis, and now Compare the Market’s Aleksandr and Sergei are shining a light on the next big household bill – energy. The campaign celebrates the launch of Compare the Market’s improved energy journey helping Aussies compare prices in a matter of minutes. Far too many […]
With National Road Safety Week underway, new research from Compare the Market has revealed the nation’s most hated action on our roads. The research conducted by the car insurance comparison site found that tailgating is the biggest pet peeve, with one in five drivers stating that they find this behaviour infuriating.* Not indicating correctly and speeding rounded out […]
Hotter-than-anticipated inflation data may have slashed homeowners’ odds of a rate cut this year, according to Compare the Market Economic Director David Koch. But homeowners continue to cross their fingers for some early relief. Compare the Market found a 0.25% rate cut alone could cut monthly repayments on a $600,000 by just under $100. Mr […]
Almost a quarter of homeowners are worried they’ll have to sell, or have already sold, due to the rising cost of living. According to a new Compare the Market survey, most homeowners aren’t worried about having to sell (79%), but a startling 39% of renters fear their landlord will have no other choice…. And potentially […]
From being knocked back for higher home loans to settling for unsatisfying jobs or owing more money at tax time, alarming new research from Compare the Market has revealed the significant impact growing HECS debts are having on the lifestyle of Australians. Due to indexation, HECS debts are tipped to increase by 4.7% on 1 […]
With National Road Safety Week just around the corner, alarming new research from car insurance comparison site Compare the Market has found that as many as one in five drivers have received a fine in the past 12 months. The most common offence was speeding, with 10.1% of drivers admitting to being caught having a […]
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